Real Estate

InterRent REIT rides wave of acquisitions to solid Q1 performance

Ottawa-based company said its funds from operations – a key cash-flow metric for REITs – rose nearly 12 per cent compared with the first quarter of 2020 to $16.2 million. 

Minto Apartment REIT sees vacancies rise in Q1

Company blames drop in suite occupancy rates on economic fallout from the pandemic.

Ottawa home starts to fall from 2020’s record high: CMHC

Agency says resale housing market will “remain robust in 2021,” with average prices expected to reach up to $640,000 – nearly $110,000 above the 2020 average.

Ottawa house prices soar 42% in April, real estate board says

Residential-class homes in Ottawa sold for an average of nearly $743,000 last month, latest figures show.

Toronto’s Marlin Spring acquires three Ottawa retirement homes from Revera

Deals are part of real estate firm's bid to expand its portfolio of retirement residences across North America.

Minto Apartment REIT loans sister firm $50M for Beechwood project

Minto Properties will construct the nine-storey building with about 230 rental suites at a one-acre site on Beechwood Avenue, and the REIT will have the option to purchase it at a discount.

Gemstone teams up with Montreal firm on Centretown mixed-use highrise plan

Ottawa company hoping to attract a co-working provider and restaurant for commercial portion of proposed development at Somerset and O'Connor streets.

Pandemic-era workplaces: Vaccinations, reopening offices and remote work

There is widespread hope that the rollout of COVID-19 vaccines will enable a full economic reopening and a return to some semblance of normalcy for businesses. 

NCC board endorses LeBreton master plan, names shortlist of developers for library lands

Blueprint would see 4,000 housing units and nearly a million square feet of retail and office space built over the next 35 years at LeBreton Flats, along with more than 30 acres of parks.

Ottawa housing starts bounce back big in March: CMHC

Developers in the National Capital Region broke ground on 1,196 new dwelling units last month, up from 634 in March 2020, agency says.

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